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Does cyber regulation go some way to providing the cyber re-insurance industry with answers to its capital problem? Regulation could address the 6 points on the page Gallagher Re paper ‘The vital role of capital in cyber (re) insurance’. Providing cyber insurers and reinsurers with some certainty that cyber risks are being managed.
Cyber regulation provides a some de-risking of cyber for cyber insurers, as cyber risk is pushed to boards rooms. Boards that will have to demonstrate corporate compliance to cyber regulations. That over time will improve corporate situational awareness of cyber security risk management and in the case of the SEC cyber risk proposal demonstrate to capital markets that cybersecurity is being better managed.
Ted Dziekanowski George Doughty TD BA MAE Gerry Kennedy
#cyberinsurance #cyberreinsurance #cybersecurity #cyberriskmanagement #leftofbang
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